FAST NEWS: QuantaSing Makes Quiet IPO Trading Debut
The Latest: Adult education company QuantaSing Group Ltd. (QSG.US) made its IPO trading debut on Wednesday, becoming the first new U.S. listing by Chinese company sponsored by big investment banks…
FAST NEWS: Fenbi Jumps on Hong Kong Trading Debut
The Latest: Shares of civil service education services provider Fenbi Ltd. (2469.HK) opened at HK$10.50 in their Monday trading debut, 6.1% higher than their IPO price of HK$9.90, which was…
FAST NEWS: Koolearn’s Loss Narrows as E-commerce Starts to Contribute
The latest: Koolearn Technology Holding Ltd. (1797.HK) announced on Friday its revenue dropped 36.7% to 899 million yuan ($130 million) in its fiscal year ended May 31, with its net loss narrowing…
FAST NEWS: Higher Expenses Dampen Minsheng Education’s Profit
The latest: Chinese vocational educator Minsheng Education Group Co. Ltd. (1569.HK) announced on Wednesday that its net profit fell 12% in the first half of the year to 339 million…
FAST NEWS: New Oriental Education Sees New Business Revenue Coming Soon
The latest: New Oriental Education & Technology Group Inc. (EDU.US; 9901.US) reported a 48% revenue decline to $614 million and a $122 million loss during its fiscal third quarter through February,…
FAST NEWS: Koolearn’s Loss Narrows Amid Transformation, Including Move Into E-commerce
The latest: Online education company Koolearn Technology Holding Ltd. (1797.HK) said its interim loss for the six months through last November narrowed by 19.3% year-on-year to 544 million yuan ($85.9…
FAST NEWS: 17 Education Reveals 94% of Its Revenue Affected by Government Clampdown
The latest: Online tutoring services provider 17 Education & Technology Group Inc. (YQ.US) disclosed that K-12 classes that are being discontinued following a government clampdown accounted for 94.1% of its…
